|By PR Newswire||
|December 6, 2012 12:30 AM EST||
NEW DELHI, December 6, 2012 /PRNewswire/ --
The Sixth Edition of MagicBricks.com's PropIndex, the First Index of its Kind That Tracks Demand and Supply of Properties Across 11 Major Cities of India, hit the Stands
Despite weak buyer sentiments, the National Property Index (NPI) went up by over 2 percent in the Jul-Sept' 2012 quarter as compared to Apr-Jun' 2012 quarter. Of the 11 cities in the apartment Index, 9 cities showed a rise in the property index values - led by the southern metros of Bangalore and Hyderabad.
Based on dynamic data mined from MagicBricks.com, PropIndex focuses on the National Property Index (NPI), a weighted average of city indices. The data from India's No.1 property portal is refined with intricate algorithms to arrive at Index Values at locality, city and national levels across India.
The composite index values of each of the 11 cities are drawn from the changing indices of different localities. Localities that are more active compared to others contribute more significantly to the index values of that city. This index is reflective of trends across multi-storey and single floor apartments (commonly known as builder floors).
This quarter, Delhi, Gurgaon, Noida-Ghaziabad, Pune, Ahmedabad, Kolkata, Hyderabad and Bangalore - all saw a rise in their indices while Mumbai and Chennai registered stable values.
Bangalore topped the city index chart by registering an average of 7 percent increase followed by Hyderabad, Gurgaon and Pune with 5, and 3 percent rise, respectively. The city witnessed a change of about 7-9 % in capital values in some top localities.
Ahmedabad, Delhi, Kolkata, Noida and Ghaziabad saw a rise of 1-3 percent in the city index values. Bangalore, Hyderabad, Pune and Gurgaon were the major contributors to the NPI within the Jul-Sept quarter.
Some of the other Significant Findings of PropIndex include:
1. Areas that witnessed good road infrastructure, metro-rail connectivity and better facilities saw a rise in values.
2. Affordable localities saw increased buyer demand as compared to premium localities in cities such as Pune, Bangalore, and Mumbai.
3. Increased values were registered across IT-driven localities in cities such as Bangalore, Pune, Kolkata and Chennai for both outright purchase and lease.
4. Similar to the last quarter, growing preferences for smaller sized residential units (1 and 2 BHK) were recorded in almost all the cities.
5. Multi-storey apartments remained the most sought-after property type across all cities. Demand for larger unit-size properties was mainly witnessed in premium localities. The supply of these units continued to outstrip the demand in this category in almost all the cities.
A sample of User Endorsements from actual subscribers -
"The Real Estate market is on an upward curve at present. The PropIndex by MagicBricks.com is a good index for gauging the market and taking decisions. It is indeed very helpful, not only for developers, but also for buyers, professionals in the financial sector and market analysts." - A Balakrishna Hegde, Managing Director, Chartered Housing Pvt. Ltd.
"PropIndex is a great step in knowledge initiatives, bringing out well-studied reports by MagicBricks.com. It is, indeed, a commendable job. I take this opportunity to wish PropIndex all the success." - Muninder Seeru, Director, G: Corp Developers Pvt. Ltd.
"The PropIndex, covering top yield grossers and capital gains in residential properties, in 11 leading cities for 260 locations, gives valuable insights into the moving property values scenario. The scientific methodology adopted, based on meticulous research on dynamic property movement trends, provides a good benchmark index for discerning property buyers and real estate watchers." - V Suresh, Principal Executive Officer, HIRCO
"PropIndex is a perfect tool for potential investors/buyers in understanding the price movement of the properties in a respective city vis-à-vis other cities, thereby deciding their investment choices. The research based on 400,000 postings by 100,000 active users will be but a close-to-reality index. In this perspective, MagicBricks.com's PropIndex is certainly a boon for the real estate industry." - R. Murugesan, CEO, Shriram Properties
"The PropIndex is insightful and provides in-depth analysis in a consolidated manner. The information is quite useful as it assists multiple stakeholders in analysing data and arriving at the most relevant strategy or solution." - Avinash Rao, Regional Director - South, Knight Frank India Pvt. Ltd.
"PropIndex" is an apartment index that tracks the property market performance of 11 cities across the country. Based on a bedrock of immense data, this Index, pioneered by India's biggest property portal, MagicBricks.com, will offer a rounded perspective of trends in prices, rentals and supply of apartments in all these markets.
The PropIndex and detailed report processed from the largest base of "live" data from:
- Over 400,000 active properties;
- 3 Million+ active property requirements;
- close to 4 million visits per month;
- approx. 35 million page views per month; and
- approx. 60 thousand property responses (enquiries) per day.
The PropIndex also features:
- "Smart" algorithm and statistical tools to handle large data volumes.
- Expert comments from top builders and brokers.
- Original content sourced from in-house research and from multiple "advice" platforms available on MagicBricks.com
Each city report covers the important metrics of -
National Property Index (NPI): A weighted average of 11 different city indices (CPI)
City Property Index (CPI): This has been derived as a function of supply of properties weighted against the average capital value appreciation/drop in various localities of the city.
Price Monitor: Reflects the capital appreciation/drop within various localities of a city.
Rent Monitor: Reflects the rental appreciation/drop within various localities of a city.
Yield Meter: This is the annual rate of return earned on a property.
Capital Value Tables: Indicates the capital prices for property prevailing in various localities of a city
Please visit http://property.magicbricks.com/microsite/buy/prop-index-new/index.html to download more city-specific details.
Primary Media Contact: Aseem Seth, TBSL, [email protected], 91-9910273367
The explosion of new web/cloud/IoT-based applications and the data they generate are transforming our world right before our eyes. In this rush to adopt these new technologies, organizations are often ignoring fundamental questions concerning who owns the data and failing to ask for permission to conduct invasive surveillance of their customers. Organizations that are not transparent about how their systems gather data telemetry without offering shared data ownership risk product rejection, regu...
Apr. 25, 2017 01:15 AM EDT Reads: 1,275
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Analytic. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Apr. 24, 2017 11:45 PM EDT Reads: 689
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Apr. 24, 2017 11:30 PM EDT Reads: 2,135
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Apr. 24, 2017 11:15 PM EDT Reads: 2,263
New competitors, disruptive technologies, and growing expectations are pushing every business to both adopt and deliver new digital services. This ‘Digital Transformation’ demands rapid delivery and continuous iteration of new competitive services via multiple channels, which in turn demands new service delivery techniques – including DevOps. In this power panel at @DevOpsSummit 20th Cloud Expo, moderated by DevOps Conference Co-Chair Andi Mann, panelists will examine how DevOps helps to meet th...
Apr. 24, 2017 11:15 PM EDT Reads: 783
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend @CloudExpo | @ThingsExpo, June 6-8, 2017, at the Javits Center in New York City, NY and October 31 - November 2, 2017, Santa Clara Convention Center, CA. Learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Apr. 24, 2017 11:00 PM EDT Reads: 779
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
Apr. 24, 2017 10:45 PM EDT Reads: 2,093
SYS-CON Events announced today that Hitachi, the leading provider the Internet of Things and Digital Transformation, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Hitachi Data Systems, a wholly owned subsidiary of Hitachi, Ltd., offers an integrated portfolio of services and solutions that enable digital transformation through enhanced data management, governance, mobility and analytics. We help globa...
Apr. 24, 2017 10:45 PM EDT Reads: 701
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
Apr. 24, 2017 10:45 PM EDT Reads: 1,725
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Apr. 24, 2017 10:00 PM EDT Reads: 795
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
Apr. 24, 2017 09:45 PM EDT Reads: 3,615
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across supply chain networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost and time for product recall as well as advance trade. Are you curious about Blockchain and how it can provide you with new opportunities for innovation and growth? In her session at 20th Cloud Exp...
Apr. 24, 2017 09:15 PM EDT Reads: 1,648
Five years ago development was seen as a dead-end career, now it’s anything but – with an explosion in mobile and IoT initiatives increasing the demand for skilled engineers. But apart from having a ready supply of great coders, what constitutes true ‘DevOps Royalty’? It’ll be the ability to craft resilient architectures, supportability, security everywhere across the software lifecycle. In his keynote at @DevOpsSummit at 20th Cloud Expo, Jeffrey Scheaffer, GM and SVP, Continuous Delivery Busin...
Apr. 24, 2017 08:15 PM EDT Reads: 433
Multiple data types are pouring into IoT deployments. Data is coming in small packages as well as enormous files and data streams of many sizes. Widespread use of mobile devices adds to the total. In this power panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists will look at the tools and environments that are being put to use in IoT deployments, as well as the team skills a modern enterprise IT shop needs to keep things running, get a handle on all this data, and deli...
Apr. 24, 2017 07:45 PM EDT Reads: 2,153
In recent years, containers have taken the world by storm. Companies of all sizes and industries have realized the massive benefits of containers, such as unprecedented mobility, higher hardware utilization, and increased flexibility and agility; however, many containers today are non-persistent. Containers without persistence miss out on many benefits, and in many cases simply pass the responsibility of persistence onto other infrastructure, adding additional complexity.
Apr. 24, 2017 07:30 PM EDT Reads: 2,113